COVID-19 Leads to Temporary Stop of Student Loan Payments The Coronavirus Pandemic has far-reaching effects on our nation. Economic shutdowns and widespread job losses have made it difficult for many Americans to pay their student loans. Fortunately, on March 27, 2020, President Donald J. Trump signed the CARES Act into law, which, among other things, provides broad relief for federal student loan borrowers. During the COVID-19 national emergency, federal student loan borrowers are automatically being placed in an administrative forbearance.…